Sapura Energy was awarded with four separate international offshore contracts

Sapura EnergyMalaysian offshore company Sapura Energy was awarded with four separate international contracts worth over 200 million USD. The company will handled subsea and engineering, procurement, construction and installation works in Myanmar, Brunei, India and Australia, all with foreign which is a positive indication that the company is not just dependent on Petronas for projects and will employ large part of its staff and vessels into handling the operations. Half of the sixteen Sapura Energy’s rigs are off charter at the moment, keeping under pressure the finance stability and liquidity of the company.

Sapura Energy was hired as subcontractor by PT Gunanusa Utama Fabricators for engineering procurement construction and installation of associated pipelines on PTTEP’s Zawtika offshore project in Myanmar. The company will also be engaged with transport and installation of new offshore wellhead platforms. The subcontract works are scheduled to be completed until March 2018.

In addition, Sapura Offshore has been awarded a contract to undertake transportation and installation (T&I) balance subsea works for Oil and Natural Gas Corp Ltd. The scope of the contract is for subsea works for C26 Cluster Pipeline Project at C-24PI to TCPP segment and BB to BA segment, relocation of anodes at NLW platform. The works are expected to be completed by the second quarter of 2017.

Another of the contractors was Shell, which hired Sapura Energy for the Seria Crude Oil Terminal Oil Export System in Brunei, where scope of work consists of project management, engineering, procurement, fabrication, transportation and installation and hook-up/pre-commissioning of one of the new Single Point Mooring-1 and Pipe Line End Manifold-1 complete system as well as decommissioning of certain parts of existing infrastructure for the project. The contacts is planned to commence in April 2018 and will last for 21 months.

In Australia, Sapura Offshore was awarded with contract by PTTEP Australasia for the provision of IRM services including saturation diving and remotely operated vehicle (ROV) intervention works in Montara field. The work is expected to be completed until July 2017.

Sapura Energy Berhad is an oilfield services company based in Malaysia. It was formed via a merger between SapuraCrest and Kencana in May 2012.

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